Brazil's Gerdau proposes split chairmanship as leader steps down

RIO DE JANEIRO, March 26 (Reuters) - Brazilian steelmaker
Gerdau SA said on Thursday it plans to split the role
of chairman between its current chief executive and a vice
president, as the company passes what is principally a family
business on to the next generation.

Current chairman, Jorge Gerdau Johannpeter, will hand the
role to his son and CEO, André Gerdau Johannpeter, as well as to
current Vice President Claudio Gerdau Johannpeter, the company
said in a statement.